Morningstar MORN
NASDAQ MORN
$198.09 -2.44 (-1.22%)
As of: Sep 9, 2026 · 3:59 PM EDT

Morningstar (MORN) Price to Book (2009 - 2026)

Morningstar's (MORN) quarterly Price to Book came in at 5.72 in Q2 2026, down 30.29% year-over-year from 8.2 in Q2 2025, and down 9.41% quarter-over-quarter from 6.31 in Q1 2026.

Analysis

Morningstar (MORN) Price to Book (2009 - 2026) Analysis & Trends

Morningstar (MORN) has reported Price to Book for 18 consecutive years, with 5.72 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Price to Book fell 30.29% year-over-year to 5.72 in Q2 2026; TTM through Jun 2026 was 5.72, a 30.29% decrease from a year earlier, with the FY2025 full-year figure at 7.07, down 20.76% from the prior year.
  • Price to Book was 5.72 for Q2 2026 at Morningstar, down from 6.31 in the prior quarter.
  • Over five years, Price to Book peaked at 9.53 in Q1 2024 and troughed at 5.72 in Q2 2026.
  • A 5-year average of 7.83 and a median of 7.98 in 2023 frame the typical range for Price to Book.
  • Across the five-year window, Price to Book jumped 32.9% in 2024 and tumbled 30.29% in 2026, its largest moves.
  • Over 5 years, Price to Book stood at 7.62 in 2022, then increased by 20.85% to 9.21 in 2023, then declined by 3.17% to 8.92 in 2024, then declined by 20.76% to 7.07 in 2025, then retreated by 19.11% to 5.72 in 2026.
  • The last three Price to Book figures came in at 5.72 (Q2 2026), 6.31 (Q1 2026), and 7.07 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 S&P Global 130.73 Bn 131.62 Bn 2.98 Bn
2 Moodys 85.51 Bn 84.15 Bn 1.67 Bn
3 Msci 41.67 Bn 41.32 Bn 717.10 Mn
4 Verisk Analytics 24.18 Bn 23.63 Bn 572.90 Mn
5 Factset Research Systems 10.80 Bn 10.50 Bn 310.73 Mn
6 Morningstar 7.86 Bn 7.33 Bn 423.90 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 5.72
Mar 31, 2026 6.31
Dec 31, 2025 7.07
Sep 30, 2025 6.36
Jun 30, 2025 8.20
Mar 31, 2025 7.92
Dec 31, 2024 8.92
Sep 30, 2024 8.74
Jun 30, 2024 8.84
Mar 31, 2024 9.53
Dec 31, 2023 9.21
Sep 30, 2023 8.04
Jun 30, 2023 6.77
Mar 31, 2023 7.17
Dec 31, 2022 7.62
Sep 30, 2022 7.65
Jun 30, 2022 8.28
Mar 31, 2022 8.64
Dec 31, 2021 10.42
Sep 30, 2021 8.06